From Fox News and the Wall Street Journal...
WASHINGTON -- The Obama administration plans to appoint a "Special Master for Compensation" to ensure that companies receiving federal bailout funds are abiding by executive-pay guidelines, according to people familiar with the matter.
The administration is expected to name Kenneth Feinberg, who oversaw the federal government's compensation fund for victims of the Sept. 11, 2001, terrorist attacks, to act as a pay czar for the Treasury Department, these people said.
President Obama once complained in a 2001 radio interview that the Constitution and the Bill of Rights is a charter of "negative" freedoms and liberties. He whined that it limits what the government can "do to you, rather than what it can do for you." It's clear that our radical new President sees the U.S. Constitution as a bump in the road to his fascistic plans.
A while ago I posed the question, what is Obama after? The answer is becoming clearer by the day. He seems to have two goals:
1. Power-no matter what form it takes. Obama seems to prefer corporate fascism. Broadly defined, he's using private money and ownership of industry, and exerting GOVERNMENT control via the bailout loans. The Obama administration has learned from Juan Peron and Benito Mussolini how to take control over private enterprise and the free market without completely killing them. Look what's happened to the banking and auto sectors. He's also empowering his union goons (allies) in every sector of government business. Regular poster Fairwitness noted:
I think the Obama Administration and its fast-moving implementation of socialist policies is much, much bigger than the new President. This is an orchestrated machine which had detailed plans in place, step-by-step "to do" lists, if you will, ready to go the minute Obama was sworn into office.
Her private aircraft business has been targeted by the administration because they aren't unionized! The Italian word "fascisti" means bundles or unions!
2. Damage-I can't shake the feeling that Obama and his henchmen are getting even with the country they view as inherently unequal; and to a leftist like Obama that means America is inherently EVIL! Witness the staggering level of debt that the left has caused in the last three months. They must know that this is generational theft, they cannot be unaware of it's consequences. I think this is a natural leftist impulse, and the only thing that normally keeps it in check is the desire to be re-elected. That's a distant third for Obama.
President Obama seems hell-bent on his course to "nationalize" everything he can, as quickly as he can, regardless of the consequences. In his wake will be tremendous damage....and that's EXACTLY what he wants!
Barack Obama Sr. and Saul Alinsky are probably doing high fives in Hell right now.